For the second quarter ended 30 June 2017, Lecta had revenue of €360.7 million versus €357.6 million in the second quarter ended 30 June 2016, an increase of €3.1 million or +1%. This increase was attributable to:
• Lower sales of CWF, Specialties and Purchased Products of €-4.6 million or -1%, from €341.6 million in 2Q2016 to €337.0 million in 2Q2017, resulting from lower sales volumes of 500 metric tons or -0%, 377,000 metric tons in 2Q2017 vs 377,500 metric tons in 2Q2016, and a decrease in average net sales price of -11€/t or -1%, 894€/t in 2Q2017 vs 905€/t in 2Q2016; and
• Higher sales of energy of €+7.7 million or +48%, from €16.0 million in 2Q2016 to €23.7 million in 2Q2017, resulting from higher sales volumes of 10,000 MWh or +4%, 271,500 MWh in 2Q2017 vs 261,500 MWh in 2Q2016, and an increase in average sales price of +26€/MWh or +42%, 87€/MWh in 2Q2017 vs 61€/MWh in 2Q2016.
The costs of raw materials and consumables used increased by €7.0 million, or +4%, from €182.5 million in 2Q2016 to €189.5 million in 2Q2017, and as a percentage of revenue they increased from 51.0% in 2Q2016 to 52.5% in 2Q2017. The absolute increase was mainly attributable to higher purchased volumes, and an increase in the average consumption prices of pulp of +38€/t and latex from 2Q2016 to 2Q2017.
Labor costs increased by €0.4 million, or +1%, from €48.5 million in 2Q2016 to €48.8 million in 2Q2017, and as a percentage of revenue they were stable at 13.5%.
The headcount decreased by 4 heads, from 3,306 employees in 2Q2016 to 3,302 employees in 2Q2017, despite the consolidation of Plot Service SrL as of May 2017 (see the section Changes in the consolidation perimeter).
EBITDA decreased by €1.5 million, or -5%, from €31.4 million in 2Q2016 to €29.9 million in 2Q2017. This decrease was the result of slightly lower sales of paper in volume, higher costs of packaging materials, outsourcing, distribution, selling variable, labor and maintenance, partly offset by lower net energy costs, production consumables costs and overheads costs, in a context of lower unit gross margin.
more detail at: http://cmspro.lecta.com/DownloadAreaDocuments/Lecta_Group_Management_report_30_06_2017.pdf